833 Longfellow St., a 26-unit walk-up building in the Hunts Point section, sold for $5.875 million, achieving a 12x gross rent multiple and 6.5% rate. While 735 East 182nd St., a 21-unit walk-up building in the Belmont section, sold for $3.7 million achieving a 10.5x gross rent multiplier and 6.2% cap rate.

“Every day, I am fielding more and more inquiries from investors about properties in Bronx. There is still great potential value out there despite the recent run-up in prices.” said Mavashev.